a company can go in bankruptcy and emerge. real life was gm-chrysler didn't have enough money to pay suppliers or employees, and by the time the government could have negotiated guaranteed with anybody that might step up to make a loan, those companies were out of the business. it is reality and he's showing why republicans never say i am sorr it is ridiculous. >> steve, is rick right that bankings were so bad shape they would have gone in bankruptcy and no one would have lent them money. >> in the fall of the 2008 there was a panic on government guarantees. but geral mots and chrysler should have gone in controrsey. equity funds would be willing to get the assets. bankrupt nation and equity funds in greece are saying this is low price and we are come nothing and buying their bonds. >> even bain capital turned it down. the psident said if we listened to romney you are buying foreign cars. what about chrysler isn't tt a foreign car? >> of course we would be buying. >> is chrysler a foreign car company its owned by fiat. >> all of the companies are world car companies. we are a global